You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years? Question Help: D Video 1 D Video 2

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Q: You deposit $500 in an account earning 7% interest compounded annually. How much will you have in…

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Q: You deposit $2000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given:    A = 2000    t = 10   r = 5% = 5/100 = 0.05  Compound Monthly : n = 12

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Q: You deposit $6000 in an account earning 3% interest compounded monthly. How much will you have in…

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